Silver traded near $58 on Tuesday, about 52% below its January all-time high of $121.76, after sliding almost 4% on Monday amid renewed US-Iran escalation around the Strait of Hormuz. According to BeInCrypto, President Donald Trump reinstated a blockade on Iranian vessels transiting the strait, lifting Brent crude 11% on Monday toward $79.60 a barrel and reviving inflation concerns that boosted bets on a September Federal Reserve rate hike.
Markets are watching the June CPI report and Fed Chair Kevin Warsh’s congressional testimony; Trading Economics shows a roughly 51% chance of a September hike.
Silver Down 52% From Record as Hormuz Oil Shock Fuels Fed Hike Bets
2026-07-14 11:25:07
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